HALF-YEARLY profits from Yancoal’s Moolarben open cut coal mine in New South Wales plunged 85% in 2016 compared with the previous corresponding period despite the company reporting strong production numbers for the period.
Accounts reveal Moolarben reported a profit of $5 million for the six months to June 2016, compared with $33.7 million for the same time last year. The Moolarben complex, which is 81% owned by Yancoal,...
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